Los Angeles Capital Management LLC Has $1.25 Million Position in LSI Industries Inc. $LYTS

Los Angeles Capital Management LLC raised its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 70.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,245 shares of the construction company’s stock after buying an additional 28,172 shares during the quarter. Los Angeles Capital Management LLC owned about 0.22% of LSI Industries worth $1,250,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in LSI Industries by 205.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock worth $28,000 after purchasing an additional 1,031 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of LSI Industries in the fourth quarter valued at approximately $36,000. Strs Ohio acquired a new position in shares of LSI Industries in the first quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of LSI Industries in the third quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. lifted its position in LSI Industries by 711.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after acquiring an additional 2,370 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LSI Industries

In other news, CFO James E. Galeese sold 136,578 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $3,317,479.62. Following the sale, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at approximately $4,209,165.52. This represents a 44.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the completion of the sale, the executive vice president owned 64,790 shares of the company’s stock, valued at $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,173 shares of company stock worth $6,220,368 over the last quarter. 7.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LYTS. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Oppenheimer assumed coverage on shares of LSI Industries in a report on Tuesday. They issued an “outperform” rating and a $30.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, LSI Industries currently has an average rating of “Moderate Buy” and an average price target of $28.75.

LSI Industries Stock Up 0.4%

LYTS stock opened at $24.63 on Thursday. The company has a market cap of $904.17 million, a price-to-earnings ratio of 32.84 and a beta of 0.53. LSI Industries Inc. has a twelve month low of $16.00 and a twelve month high of $24.99. The business has a 50 day moving average price of $22.17 and a two-hundred day moving average price of $20.77. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The company had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. Analysts anticipate that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. LSI Industries’s dividend payout ratio (DPR) is currently 26.67%.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.